Current Affairs Current Affairs August 2018

 IAS officer K S Srinivas has taken over as Chairman of Marine Products Export Development Authority (MPEDA).  Prior to this appointment, he had served as Joint Secretary in Department of Agriculture Cooperation and Farmers’ Welfare in Ministry of Agriculture.
Source- Business Standard

 The President and Supreme Commander of the Armed Forces has approved 131 Gallantry Awards to Armed Forces Personnel and members of Paramilitary Forces which include one Kirti Chakra, 20 Shaurya Chakras, three Bar to Sena Medals (Gallantry), 93 Sena Medals (Gallantry), 11 Nao Sena Medals (Gallantry) and three Vayu Sena Medals (Gallantry). 
  • Find the complete list of winners of Gallantry Awards Here
The President has also awarded 26 Mention-in-Despatches to Army Personnel for their significant contributions in different military operations which include 25 (three posthumous) for ‘Operation Rakshak’, one (posthumous) for ‘Operation Rhino’ and one additional name approved by Raksha Mantri in the CH&AC meeting.
Source- Press Information Bureau (PIB)

 Oscar-winning director Ang Lee will be one of the recipients of the annual Directors Guild of America (DGA) honours at its ceremony. The event will be held at the DGA Theatre in New York City on October 18.  Apart from the 63-year-old director, Fox Searchlight chairman Nancy Utley, US Senator Amy Klobuchar, SAG-AFTRA senior adviser John McGuire and costume designer Ann Roth will also be honoured at the ceremony.
Source- Business Standard

 PhonePe announced entering into a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to facilitate convenient, fast and secure payments through PhonePe on the IRCTC Rail connect Android app. The partnership will enable PhonePe’s 100 million-plus users to now pay directly from their bank accounts using UPI, credit and debit cards and also the PhonePe wallet for their travel bookings. 
Source- siasat.com

 Smitha V. Crishna, a third-generation heir of the Godrej family, ranks first in the Kotak Wealth Hurun-Leading Wealthy Women 2018 list with an estimated wealth of Rs37,570 crore. Ms. Smitha owns one-fifth of the Godrej Group. Roshni Nadar, CEO and executive director at HCL, ranks second in the list with an estimated wealth of Rs30,200 crore. She also heads the Shiv Nadar Foundation. The chairperson of the Times Group, Indu Jain, ranks third in the list. Her wealth is estimated at Rs26,240 crore. 
Source- The Hindu

 The Economist Intelligence Unit (EIU) released the Global Liveability Index 2018, the ranking of 140 global cities based on their living conditions. The EIU is part of UK magazine ‘The Economist’ and provides forecasting and advisory services through research and analysis. Delhi and Mumbai were the only two Indian cities that featured in the EIU’s annual index. Delhi was ranked at 112th position and Mumbai fetched 117th spot.  Austria’s capital Vienna has been ranked as the world’s most liveable city, displacing Australian city of Melbourne. 
The Top three cities on the list are: 
  • 1. Vienna,
  • 2. Melbourne,
  • 3. Osaka. 

 India Ratings and Research (Ind-Ra) has revised down its FY19 economic growth forecast to 7.2% from 7.4% earlier. It cited the headwinds emanating from elevated global crude oil prices and the government’s decision to fix the minimum support prices of all kharif crops at 1.5x of the production cost as the reason for the downward revision. Ind-Ra also pointed to other headwinds lurking on the horizon such as the rising trade protectionism and depreciating rupee. 
Source- The Hindu

 The 24th World Congress of Philosophy (WCP) was held in Beijing, China. It was organized by the International Federation of Philosophical Societies, and Peking University. Its theme was “Learning To Be Human”. This was the first time that the quinquennial (once in five year) event was held in China.
Source- xinhuanet.com

 The Union Minister of Agriculture and Farmers’ Welfare, Radha Mohan Singh urged to Jose Graziano da Silva, the Director General of the United Nations Food and Agriculture Organisation (UNFAO) to declare the upcoming year as the ‘International Year of Millets’. Singh stressed on the need to draw wider global attention and action to promote cultivation of millets. The adoption of this proposal by the FAO with the support of its Member Nations will enable it to be moved to the United Nations General Assembly (UNGA) for the declaration of an upcoming year as International Year of Millets. 
Source- The Tribune

 Qatar King Sheikh Tamim bin Hamad Al Thani has pledged to make direct investment in Turkey and announced a 15-billion US dollar investment into the country’s financial markets and banks. The announcement came after holding talks with Turkish President Recep Tayyip Erdogan in Ankara. Turkey is currently grappling with a currency crisis and heightened tensions with the United States, its NATO ally. Sheikh Tamim is the first foreign head of state to visit Ankara since the stand-off with Washington.
Source- AIR World Service


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